Replacement- Changes to Directors' Interests

15 May 2015

CORRECTION to Announcement submitted 0800, 15 May 2015 - In the previous announcement the figure relating to the shareholding and percentage of share capital of Ed Nealon (in row two of the table) was incorrectly stated. The correct figures for Ed Nealon now stated below in the replacement announcement are: 26,241,557 shareholding constituting 5.06% of share capital

Ferrum Crescent Limited

("Ferrum Crescent", the "Company" or the "Group")(ASX: FCR, AIM: FCR, JSE: FCR)

Replacement- Changes to Directors' Interests

Ferrum Crescent, the ASX, AIM and JSE Limited ("JSE") quoted iron ore developer announces it was notified of the following changes to directors' interests on 13 May 2015:

- 500,000 fully paid ordinary shares that were previously issued under the Ferrum Crescent Share Plan (the "Plan") to Ed Nealon were sold on market for A$0.013 per share on 12 May 2015, such sale being required under the terms of the Plan. Mr Nealon now holds 600,000 fully paid ordinary shares pursuant to the Plan and 25,641,557 fully paid ordinary shares; and

- 400,000 fully paid ordinary shares that were previously issued under the Plan to Grant Button were sold on market for A$0.013 per share on 12 May 2015, such sale being required under the terms of the Plan. Mr Button who now holds 500,000 fully paid ordinary shares pursuant to the Plan and 1,638,423 fully paid ordinary shares, as well as 3,217,877 fully paid ordinary shares (held as trustee for the Wilberforce Trust).

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Accordingly, as a result of the sale of the Plan shares, the relevant Directors of Ferrum Crescent are now interested in the following shares:

For more information on the Company, please visit the Ferrum Crescent website at www.ferrumcrescent.com or contact: